Saturday, July 20, 2019
JAKARTA (TheInsiderStories) – Good morning. We provide several pieces of important news that might help your business decisions today: Sirius Minerals Signs Asia Sales Agreement London-based fertilizer producer Sirius Minerals has announced an exclusive resale deal with PT Chemical Indonesia, a subsidiary of Singapore-based Wilmar Group, for its key POLY4 nutrient products....
JAKARTA (TheInsiderStories) — Good morning! United States (US) President Donald Trump reiterated another intervention to Federal Reserves (The Fed) policy. Through twitter, he asked The Fed to cut rate by 1 point and mold more money with quantitative easing. Trump even compared the central bank’s policy with China, US’ trade...
JAKARTA (TheInsiderStories) – President Joko Widodo officially fulfilled the request for the liberation of national terrorism kingpin Abubakar Ba’asyir (81 years). He said, the redemption of the Indonesian Mujahidin Council Chairman was purely for humanitarian and health reasons. "Yes, the first is indeed a humanitarian reason. It means that he...
Insight: Religious Movement “Itjima Ulama” Indonesian Towards People Power?
JAKARTA (TheInsiderStories) - Post-2019 Presidential Election, Indonesia still has to face a commotion that never ends. Starting from the electoral fraud debate, the quick count paid by one party, to the people power narrative, became the main headline for domestic news. The commotion increased after last week, coinciding with May...
JAKARTA (TheInsiderStories) — The OPEC and Non OPEC (OPEC+) meeting is set to kickoff starting Dec. 6 in Vienna, Switzerland. The decision by the organization to bolster prices could by cut their production is crucial in an odd market twist. OPEC needs a unanimous vote to pass the decisions. Iran warns...
JAKARTA (TheInsiderStories) - Good morning. Indonesian government and lawmakers from the budget committee had agreed to raise the outlook on tax revenue in the 2019 State Budget to Rp1,784 trillion from earlier estimates of Rp1,781 trillion on expectations of higher income from the oil and gas sector. The government, represented by the...
JAKARTA (TheInsiderStories) — Good morning! Rally of election protesters at the Indonesia’ Election Supervisory Body’ office turned chaos until dawn. Mass burned firecrackers, also threw rocks and woods to the security officers. The rally calling for the disqualification of Joko Widodo - Ma'ruf Amin from the presidential election due to...
JAKARTA (TheInsiderStories) - Good Morning! Indonesian manufacturing Purchasing Managers Index (PMI) at level 51.2 in March. This number jumped from the previous month which was at the level of 50.1. Since the beginning of 2019, in the last three months the Indonesian manufacturing PMI index has continued to rise, starting in January...
Indonesia's Forex Reserves Lowers to US$120.1B in January
JAKARTA (TheInsiderStories) - Bank Indonesia (BI) noted  foreign exchange (forex) reserves at the end of January 2019 amounted to US$120.1 billion, a decreased 0.49 percent from $120.7 billion at the end of December 2018. The position of foreign exchange reserves is equivalent to financing of 6.7 months of imports or 6.5 months of imports...
Insight: Indonesia’s Incredible Challenge Elections
JAKARTA (TheInsiderStories) - On April 17, Indonesia - the world’ third most populous democracy - is holding simultaneous presidential and legislative elections for the first time. As much 192.828.520 voters, 809,500 polling stations, six million election workers, and the most complicated single-day ballot in global history. General Election Commission reported...
JAKARTA (TheInsiderStories) — Good morning! United States (US) and China’s decision to halt the trade war for 90 days has had a positive impact on the world economy. After days of positive gains, Rupiah continued strengthening by 0.6 percent to 14,252 versus US dollar. Stocks markets are also in bloom....
JAKARTA (TheInsiderStories) – Good morning! Indonesian Consumers Confidence Index in January recorded at 125.5 points, or decreased from 127 points in December 2018, central bank reported yesterday. Despite its decline, the figure is still considered in optimist level which is above 100 points. Bank Indonesia noted, the lower of consumers optimism...
by Hugo Erken and Bjorn Giesbergen from Rabobank Without China’s economic lifeline, the North Korean economy would go off a cliff Although China has been scaling down on imports from North Korea, which suggest China respects the sanctions imposed by the UN Security Council, China so far has continued...
JAKARTA (TheInsiderStories) - Good Morning! This afternoon, Bank Indonesia (BI) will release its monetary policy while United States (US) Federal Reserves kept the benchmark rate even get pressures from many parties, including President Donald Trump. Then, Indonesian President Joko Widodo will attend the 34th ASEAN Summit in Thailand and the G20...
JAKARTA (TheInsiderStories) – Indonesian economy only grew 0.01 percent in the first quarter (1Q) of 2019, which was 5.07 percent on an annual basis, from growth of 5.06 percent in 1Q 2018. Similarly, compared to 4Q 2018 the Indonesian economy actually shrank by 0.52 percent from 5.18 percent. This growth...
JAKARTA (TheInsiderStories) — Good morning! The government faced difficulties to meet this year' target of 17 million foreign tourists arrivals. Multiple disasters and numbers of national incidents considerably decreased tourists visits to Indonesia until this year’s end. The number of foreign tourist arrivals throughout January to October, 2018 reached 13.24 million people. While,...
JAKARTA (TheInsiderStories) – Good morning! Most of Asian market opened gaining strength followed the positive signal from United States (US) - China trade deal. Euphoria blossomed in China with Shanghai index rocketed by 5.95 percent, the highest since 2015. Other than that, Nikkei increased by 0.48 percent, TOPIX hiked by 0.71...
JAKARTA (TheInsiderStories) – Good morning! China' second-quarter economic growth only grow 6.2 percent, slower than the first quarter of 6.4 percent, as domestic and foreign demand declined in the face of a bruising trade war with the United States (US), the National Bureau of Statistics said on Monday (07/15). This slowdown...
JAKARTA (TheInsiderStories) – Total international trade in 2017 reached US$34 trillion, consisting of $17.43 trillion in exports and $17 trillion in imports. This high volume of trade is certainly influenced by the openness of access to trade between countries, both in bilateral and multilateral relations, which has been increasingly...
JAKARTA (TheInsiderStories) — Good morning! United States bond market’ yield curve showed ominous sign of a recession. Yesterday, US 10-year bond yield fell deeply which signaled there is economy recession risk. Senior Deputy Governor of Bank Indonesia (BI) Mirza Adityaswara sees that Indonesia may gain benefit from US recession, caused it...
Insight: Seeing Global Economic Recovery after US-China Deals
JAKARTA (TheInsiderStories) — Good morning! Starting today United States will charge US$200 billion Chinese goods 25 percent from earlier only 10 percent. President Donald Trump also threatened to impose tariffs on all Chinese trade with America At the same day, Chinese delegation will negotiate a potential trade deal with US....
JAKARTA (TheInsiderStories) - Indonesia is still optimistic that it will be able to attract more investment in the last half year of 2019, after the rising political tensions of  simultaneous legislative and presidential elections on April 17, 2019. Another issue is Indonesia’ economy also faced with ongoing trade war between the country'...
JAKARTA (TheInsiderStories) — Three-day discussion between United States (US) and China officials in Beijing on trade tariff, wrapped up Thursday (01/10). But there is no clear outcome published at the meeting. Chinese Ministry of Commerce only stated that both parts had detailed exchanges and maintain close contact. Same with the US...
JAKARTA (TheInsiderStories) - Good morning! Statistic Indonesia will announce trade balance today. In first quarter, the country'  trade balance deficit US$190 million. Oil and gas continuously contributed the deficit by $1.34 billion while non-oil and gas has $1.15 billion surplus. Ahead of trade balance announcement, Coordinating Minister for Economic Affairs Darmin...
Indonesia Assesses the Policy of Financial Liquidity Loan Collaboration
JAKARTA (TheInsiderStories) — Good morning! Indonesia' Finance Minister Sri Mulyani Indrawati regarded that Indonesia’ economy is estimated to grow by 5.3 to 5.6 percent in the 2020’ State revenue and expenditure budget. Indrawati said that President Joko Widodo expected the economy would grow at the upper range. In 2018,...
JAKARTA (TheInsiderStories) -- Good morning and happy chinese new year! With high expectation of profit, Indonesian financial market did not show gain at the market closing prior to the lunar new year holiday. Rupiah against Dollar slightly appreciating to 13,976. The Jakarta Composite Index closed declining by 0.87 percent to...
JAKARTA (TheInsiderStories) — Good morning! Today, Indonesian central bank (BI) will announce its monetary stance amid the global economic challenges. Last March, BI maintained its benchmark rate at 6 percent. This year, Investment Coordination Board is optimistic in achieving investment target at Rp792.3 trillion (US$56.59 billion), seeing the recent foreign...
JAKARTA (TheInsiderStories) – Good morning! President Joko Widodod keep pushing the government program to bring more foreign exchange revenues to Indonesia. Yesterday, he announced a planned to redesign tourist areas on Rinca Island and Komodo Island, in West Manggarai, East Nusa Tenggara. The large design is an integrated area consisting of Labuan...
JAKARTA (TheInsiderStories) — Good morning! United States (US) and China agreed to halt trade war for 90 days. The decision was made on Sunday (12/02), in Group 20' (G20) sidelines bilateral meeting in Buenos Aires, Argentine. It was the first face-to-face meeting between US President Donald Trump and China President Xi...
JAKARTA (TheInsiderStories) - Group of 20 (G20) leaders gathered in Osaka, Japan, starting today. The meeting of United States (US) President Donald Trump with Chinese' President Xi Jinping and Russian President Vladimir Putin are in the spotlight. Trade, geopolitical tensions, climate change, are on the agenda of the summit of the G20. Many...

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